Subsidies

The CEO of one of Ohio’s largest energy providers made a rare appearance before state lawmakers, pleading for nuclear plant subsidies. This push comes as the company is nearing a major decision.

FirstEnergy CEO Chuck Jones went before the Ohio Senate, saying subsidies would prop up their two struggling nuclear plants. If passed, FirstEnergy customers would see about a $5 increase to their monthly electric bills.

One of Ohio’s largest utilities is once again going to state lawmakers for a way to get a boost for its struggling power plants.

FirstEnergy wants state lawmakers to give it the ability to charge its customers about $5 more a month. The utility’s Jennifer Young says the company's struggling nuclear plants deserve a subsidy for emitting zero carbon.

“It’s the best interest of communities in the state, and while there may be a small premium for that we think that is the right thing to do.”